FY2027 EPS Estimates for BHP Group Cut by Erste Group Bank

Key Points

• Erste Group Bank lowered BHP Group’s FY2027 EPS forecast to $5.02 from $5.10, slightly below the $5.06 consensus estimate. The analyst projects FY2028 EPS of $4.84.
• Analyst sentiment remains cautious, with BHP carrying a consensus rating of “Hold” and an average price target of $78.00; recent firms have mostly downgraded or maintained hold ratings.
• BHP shares opened at $86.17, with a 12-month trading range of $52.18 to $98.71. Several institutional investors increased their holdings during the second quarter, while institutions and hedge funds collectively own 3.79% of the stock.

BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) - Erste Group Bank decreased their FY2027 EPS estimates for shares of BHP Group in a report issued on Friday, September 18th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will earn $5.02 per share for the year, down from their previous forecast of $5.10. The consensus estimate for BHP Group's current full-year earnings is $5.06 per share. Erste Group Bank also issued estimates for BHP Group's FY2028 earnings at $4.84 EPS.

A number of other research firms have also recently commented on BHP. Zacks Research cut BHP Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Wall Street Zen cut shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. DZ Bank raised shares of BHP Group from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. Weiss Ratings upgraded shares of BHP Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of BHP Group in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $78.00.

BHP Group Stock Performance

Shares of NYSE BHP opened at $86.17 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. The firm's 50 day simple moving average is $88.44 and its 200-day simple moving average is $83.14. BHP Group has a 12 month low of $52.18 and a 12 month high of $98.71.

BHP Group Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Friday, September 4th will be paid a $1.98 dividend. This represents a dividend yield of 438.0%. The ex-dividend date of this dividend is Friday, September 4th.

Hedge Funds Weigh In On BHP Group

A number of institutional investors and hedge funds have recently bought and sold shares of BHP. Sequoia Financial Advisors LLC raised its holdings in BHP Group by 4.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 55,237 shares of the mining company's stock valued at $4,602,000 after acquiring an additional 2,227 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of BHP Group by 28.8% during the 2nd quarter. Tidal Investments LLC now owns 204,473 shares of the mining company's stock worth $17,035,000 after purchasing an additional 45,759 shares during the last quarter. RFG Advisory LLC purchased a new stake in shares of BHP Group in the second quarter valued at approximately $307,000. NewEdge Advisors LLC grew its position in shares of BHP Group by 5.3% in the second quarter. NewEdge Advisors LLC now owns 84,718 shares of the mining company's stock valued at $7,058,000 after purchasing an additional 4,263 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of BHP Group by 22.2% in the second quarter. Baird Financial Group Inc. now owns 41,056 shares of the mining company's stock valued at $3,420,000 after purchasing an additional 7,457 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Company Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and produces commodities that support industrial activity, infrastructure and the energy transition, with operations and projects spanning Australia, Chile, Brazil and other regions.

BHP's principal products include iron ore, copper and metallurgical coal. Its iron ore business operates primarily in Western Australia, while its copper portfolio includes major mining operations in Chile and the Olympic Dam complex in South Australia.

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